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- AdrenalineJunky, on 10/29/2009, -6/+24*cough*******cough*
This fun is just beginning.
Although I think once enough time passes that people get used to their new lower standard of living, they eventually will not remember what they once had, so psychologically we'll see a confidence boost from that. People might start to believe they are better off just because they've adjusted to the new normal.
That won't change the fact that they'll be working more for less to pay for the bailouts that were handed out to the banksters, though. The biggest heist in history and most people are too clueless to care... - jjmdirector, on 10/29/2009, -5/+19I'm confident my dollar wont buy ***** pretty soon.
Auditthefed.com - Kate1240, on 10/29/2009, -1/+11"In the United States and Europe, high unemployment continued to discourage spending on big-ticket items although confidence had improved as the worst appeared to be over for those economies, New York-based Nielsen said."
The funny thing is, the media said "the worst appeared to be over" in march, april, may, june, ext. Who believes the media anymore? - SoulGrub, on 10/29/2009, -2/+11I'm pretty sure the worst is still to come as the public debt continues to skyrocket.
- NorthMass, on 10/28/2009, -8/+17For what? Continuing Bush's failed bailouts and deficit spending, and giving trillions of dollars of our money to banks?
- MacBookForMe, on 10/28/2009, -2/+11Wow, we could shout again: 'Spend, baby spend'...until that plastic card will take it up...
- rjey, on 10/28/2009, -2/+10http://www.prnewswire.com/news-releases/66387547.h ...
Oh really? It is not improving and things are not getting better anytime soon.
" In fact, the Present Situation Index is now at its lowest reading in 26 years (Index 17.5, Feb. 1983). The short-term outlook has also grown more negative, as a greater proportion of consumers anticipate business and labor market conditions will worsen in the months ahead. Consumers also remain quite pessimistic about their future earnings, a sentiment that will likely constrain spending during the holidays." - inactive, on 10/29/2009, -0/+6"Confidence was highest in India, followed by Indonesia and Norway, and was weakest in Japan, Latvia, Portugal and South Korea."
Could that be anymore backwards?.
Apparently confidence has nothing to do with prosperity... - bobjr94, on 10/29/2009, -3/+9They said on the news yesterday that consumer confidence took a sharp fall, due to the layoff's still happening. Where did this story get it's info from ?
- ctfdacow, on 10/29/2009, -1/+5I'm pretty sure Dow just tanked today along with home sales in September.
- boogerthecat, on 10/29/2009, -1/+5I hope that you are right. *crosses fingers*
I want to upgrade from "alley cat" to "fancy feast". - Barackalypse, on 10/29/2009, -5/+8Consumer incompetence is up as well then, if they see any sign of recovery. Banks continue to fail at a record rate, we were at 106 as of last Friday, the FDIC has $7.5 billion left in their fund for failed banks, as of June 416 banks were on the danger list, mortgage foreclosures rose 5% in the third quarter (up 23% from a year ago), unemployment is at a 28 year high of 9.8%, and our federal debt is mere months away from topping $12 trillion.
http://money.cnn.com/2009/10/23/news/economy/bank_ ...
http://www.reuters.com/article/companyNewsAndPR/id ... - charlietuna, on 10/29/2009, -3/+6I am ready for the next economic bubble.
(The global warming, peak oil, followed by a Water World style apocalypse). - master69better, on 10/29/2009, -1/+3Try Dec 08 son. Its like 2012, but three years too soon
- NorthMass, on 10/29/2009, -3/+5How are things getting better? Because the DOW went up to 10,000? How does that affect everyday people who are looking for a job or don't want their hours cut again? Or the people who don't want their wealth lost through inflation?
- Snap65, on 10/29/2009, -2/+4F**k this. I"m still broke. 05 was a bad year to graduate.
- abehammy111, on 10/29/2009, -1/+3The recession has found a bottom but I don't think that the economy will become 100 percent better anytime soon.
- d3dm, on 10/29/2009, -0/+2That's what I heard as well so I went digging...
http://www.conference-board.org/economics/consumer ... - yesitsme111, on 10/29/2009, -0/+2Are we at the bottom or did we just land on a ledge only time will tell.
I hope we are at the bottom. - mkw408, on 10/29/2009, -1/+3What'd did you say? How about them Yankees? Did you know Octomom and Jon - Kate are doing a reality show?
- Wrangler76, on 10/29/2009, -1/+2That's not true at all. The Bombay Stock Exchange crashed from almost 22k to 8k. I'd say India was affected. India also experienced economic slowdown although not as much as western european and north american countries, but this is true for many, many countries including China, Argentina, Indonesia, etc. Brazil was hardly touched, yet they aren't the most confident. Many african countries actually experienced economic acceleration during the crisis, yet they aren't the most confident.
- treehugger87, on 10/29/2009, -0/+1I love optimists.
- xero69, on 10/29/2009, -0/+1Only one way out of this, spend wisely and try to support local businesses and companies that employ others in your community. If we all stop spending at the same time the whole economy stalls. See Japan for reference.
- rizzono, on 10/29/2009, -0/+1Don't listen to the idiots who want to continue to bleed you for every dime you have. Save, Save, Save America.
Boycott Chinese products and support your local business and products!
America is fast approaching Christmas, a wonderful time to spend hundreds or thousands of dollars on stuff you don't need and maybe even give to people you aren't really close with. Why not make this Christmas a time with friends and family and a good meal. Let's rid this holiday of the pain and stress it has caused by throwing people in debt and the trouble of wasting time and fighting crowds just to spend your hard earned money. Don't be deceived anymore by the addiction of consumerism. - Barackalypse, on 10/29/2009, -2/+3Then dump it and make some money as it dies.
- boogerthecat, on 10/29/2009, -1/+2>>U.S. Consumer Confidence Up for First Time Since 2007
Why? What has changed? - PeppermintPig, on 10/29/2009, -0/+1I thought the FDIC was already broke.
- rthakidn, on 10/29/2009, -1/+2"Things start to get better and still the righties whine", you must have been out getting stoned during you journalism class, because the article clearly states, confidence is up from 3 months ago. Unfortunately for those of us that live in the real world, unlike yours, 3 months ago, confidence was really in the *****. CC is still below that of Jun and May of this year and is trending down. The article is SLANTED because Reuter is in the bag for barry. Educate yourself, before you start casting aspersions on people who know more than you.
- creativeone, on 10/29/2009, -1/+2Confidence isn't up. The only thing propping things up is fiat stimulus money that is deflating the value of the dollar. States are borrowing millions now from the Fed to pay for high unemployment. If people stop getting multiple extensions to their unemployment, then there's that much less debt currency being pumped into the local economies. Boomers are retiring and spending less. Both govt and personal debt is expanding rapidly. It's a house of cards right now. The govt and main stream media are hoping that just saying there is a recovery and confidence that it will work and convince everyone. Fewer and fewer people are taking that bait now.
- korvan504521, on 10/29/2009, -0/+1when you hit rock bottom, there's two ways to go.
I think we're just moving sideways. - Jnkns, on 10/30/2009, -0/+1US stock have been affected by this consumer confidence indexes
http://www.tradeviewforex.com/cfdblog/post/2009/10 ... - rthakidn, on 10/29/2009, -1/+2Honestly, is Rueters so in the bag for Obama that they will intentionally slant an article JUST to make him look good? "consumer sentiment rose from three months ago for the first time since early 2007", true confidence is up from 3 months ago, but it is down for the second consecutive month and STILL below the June numbers. Clearly, confidence is trending down. But hey! you believe what you want to believe. Have another cup of Kool-Aid. Look for yourself.
http://www.conference-board.org/economics/Consumer ... - rthakidn, on 10/29/2009, -0/+1"it's up from three months ago". Although July was incredibly low, I suppose it had to go up. It from Rueters, what did you expect? The truth?
- AdrenalineJunky, on 10/30/2009, -0/+1If you have money at Bank of America, Citi or Chase, then take it out and put it into a credit union or local bank (that does not have heavy exposure to toxic mortgages).
Starve the beast!!! - allisonV12, on 10/29/2009, -0/+1I'm so confident its time to buy something made in China and if I have any problems all call tech support in India.
Then all pay my credit card bills in the care of Indonesia.
I'm so happy global consumer confidence is so high. - crabman484, on 10/29/2009, -1/+1Thank you $30 Windows 7.
- mkw408, on 10/29/2009, -2/+2Has anybody heard anything about what Britney is up to? Nobody cares about the downfall of America. How about them Yankees? (As the blue light from my television flickers against my staring blank eyes)
- Barackalypse, on 10/29/2009, -2/+2Obama VOTED for those bailouts, they are just as much his. The Republicans in the House voted against the TARP bailouts 108 to 91, it was only because the Democrats supported it 172 to 63 that it is even a law. Also, we didn't give trillions, TARP was $800 billion.
http://www.govtrack.us/congress/vote.xpd?vote=h200 ... - mparker21311, on 10/29/2009, -2/+2Audit_the_auditors_who_audited_the_fed.com
- zip000, on 10/29/2009, -2/+2I finished my masters in 2005. Doing fairly well here.
//cool story bro. - Ahmon, on 10/30/2009, -1/+0Depends on how you define "better." To me, that means stable - something that won't happen until unemotional machines control the world (shortly after 2082). The constant cycle of regretful recessions followed by forgetful booms is ridiculous. Taxes should be increased during a boom, not decreased. Likewise, we shouldn't suddenly remember fiscal responsibility during a recession - we should lower taxes and remove the thumbscrews of boom times.
- Barackalypse, on 10/29/2009, -6/+5For the 9.8% unemployment? Or the record deficit? Or maybe the 5% increase in foreclosures in the 3rd quarter (up 23% from a year ago)? Or maybe the 106 failed banks through last Friday this year so far?
- SoulGrub, on 10/29/2009, -3/+2You can't seriously blame him for deficit spending and poor unemployment figures at the same time. It's one or the other, make up your mind.
And how exactly is he responsible for failed banks and foreclosures through poor lending practices? Should he have bailed out more banks and more borrowers? - mkw408, on 10/29/2009, -3/+2It hasn't found a bottom yet my friend.
- master69better, on 10/29/2009, -3/+1.....but relative prosperity. India has been mostly untouched by the international crisis, the same as when the Asian Tiger economies crashed 10 years ago.
- mkw408, on 10/29/2009, -5/+2or continuing the destruction of the US Dollar. It has lost 18% of its value in 3 months. 18%.
- AgeofMastery, on 10/29/2009, -6/+3Things start to get better and still the righties whine and say the country is in the ***** and we're all doomed.
Gotta love these "patriots" cheering America's alleged demise for political gain - spider-man, on 10/29/2009, -3/+0No for the 100 points the Dow lost today.
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